He loses momentum in the last few hours and falls throughout the market. Eurozone PMI data beat expectations. EUR/USD loses the bullish intraday bias and challenges 1.0300. EUR/USD fell to 1.0296, marking an intraday low after trading just below 1.0350 three hours ago. The decline came despite better-than-expected Eurozone PMI data and a weakening euro. […]
Joshua
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
EUR/USD will extend its recovery to 1.400/1.0450 in the coming days – ING
The recovery in risk appetite sent EUR/USD back above the 1.0300 level. The ING Economists expect the pair to reach the 1.0400/50 region in the next few days. It all depends on the dollar “Some improvement in China-related sentiment is a positive for Eurozone and Euro assets, but swings in the pair remain primarily a […]
NZD/USD clings to post-RBNZ gains near multi-month highs, focus on FOMC minutes
NZD/USD climbs back to a multi-month high after the RBNZ announced its monetary policy decision. Some selling around the USD provides an additional boost to the pair. The RBNZ’s warning of a deeper economic downturn keeps any significant upside capped. Traders also seem reticent ahead of important US macro data and FOMC minutes. The pair […]
United Kingdom: The preliminary manufacturing PMI remains at 46.2 in November, although it improves the 45.8 points of the consensus
The index UK S&P Global manufacturing PMI is unchanged at 46.2 points in the preliminary reading for November, improving the 45.8 estimated by the market. Despite exceeding expectations, the indicator remains at its lowest level in 30 monthsspecifically since May 2020. The PMI for services has not changed either, and remains at 48.8, above the […]
GBP/USD remains range bound around 1.1900 after UK PMI and ahead of FOMC minutes
GBP/USD remains trapped in a tight range for the first half of the European session. UK PMIs, slightly better than expected, fail to provide any momentum amid a gloomy economic outlook. A slightly softer tone around the USD offers some support ahead of the FOMC meeting minutes. The pair GBP/USD it struggles to gain significant […]
Silver Price Analysis: XAG/USD Bulls Looking to Take Control, Waiting for a Move Above 200 Hourly SMA
Silver attracts some buying on Wednesday and hits a multi-day high. This move confirms the break of a descending trend line from a week ago. A sustained break below the $21.00 level is needed to undo the uptrend. The silver price (XAG/USD) reverses an intraday dip below the $21.00 level and hits a four-day high […]
Eurozone: Preliminary manufacturing PMI improves to 47.3 in November, beating forecasts
The index S&P Global Eurozone manufacturing PMI has risen to 47.3 points in the November preliminary reading from 46.4 in October, improving the 46 estimated by the market. The Services PMI has held at 48.6 for the second consecutive month, exceeding the 48 forecast by consensus, although it remains at its lowest level since February […]
USD/JPY remains below 141.50 amid modest dollar weakness ahead of FOMC minutes
USD/JPY attracts some buying on Wednesday, though the rally lacks bullish conviction. Expectations for less aggressive rate hikes continue to weigh on the USD and limit the pair’s gains. The fall seems limited amid the policy divergence between the Fed and the BOJ, ahead of the FOMC minutes. The pair USD/JPY reverses an intraday slide […]
AUD/USD Holds Above 0.6650 Amid Weaker Dollar Pre-FOMC
AUD/USD gains some traction on Wednesday amid some USD selling. Expectations for less aggressive Fed rate hikes and stability in equity markets weigh on the dollar. Investors expect US macro data to build some momentum ahead of the FOMC meeting minutes. The pair AUD/USD attracts some buying near the 0.6630 zone on Wednesday and rises […]
Germany: Preliminary manufacturing PMI rises to 46.7 in November, better than 45 expected
The index Germany’s S&P Global manufacturing PMI has risen to 46.7 points in November’s preliminary reading from 45.1 in October, bettering the 45 estimated by the market. The Services PMI fell one tenth, standing at 46.4 compared to 46.5 in October, although it improves the estimated 46.2 points. Phil Smithassociate director of economics at S&P […]
